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Targa Resources Corp   (TRGP)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $105.9700 $0.33 0.312%
Day's High: $106.86 Week Perf: 1.31 %
Day's Low: $ 104.89 30 Day Perf: 19.96 %
Volume (M): 1,930 52 Wk High: $ 107.28
Volume (M$): $ 204,533 52 Wk Avg: $82.35
Open: $104.89 52 Wk Low: $64.85



 Market Capitalization (Millions $) 23,854
 Shares Outstanding (Millions) 225
 Employees 2,430
 Revenues (TTM) (Millions $) 16,376
 Net Income (TTM) (Millions $) 1,618
 Cash Flow (TTM) (Millions $) -53
 Capital Exp. (TTM) (Millions $) 2,184

Targa Resources Corp
Targa Resources Corp is a leading provider of natural gas, natural gas liquids (NGLs), crude oil, and refined products transportation, storage, and terminals services. The company operates through two segments: Gathering and Processing and Logistics and Marketing.

The Gathering and Processing segment is focused on gathering, compressing, treating, processing, storing, and selling natural gas and NGLs produced from shale and other unconventional oil and gas formations. Targa owns and operates a network of gathering pipelines, treating facilities, and processing plants located in key energy producing regions throughout the United States.

The Logistics and Marketing segment includes a wide range of midstream services, including transportation, storage, fractionation, and terminaling of NGLs, crude oil, and refined products. Targa owns and operates a significant amount of transportation and terminaling assets including pipelines, trucking fleets, marine transportation vessels, and storage tanks.

Targa Resources is also involved in the marketing and trading of energy commodities. Through its trading group, the company is involved in the purchase and sale of natural gas, NGLs, crude oil, and other refined products.

The company has a strong focus on sustainability and environmental protection and has implemented various initiatives to reduce its carbon footprint. Targa is also committed to ensuring the safety of its employees, contractors, and the communities in which it operates.

Targa Resources Corp is headquartered in Houston, Texas, and employs approximately 2,500 people. As of 2021, the company had a market capitalization of approximately $6 billion and operates in over 100 locations across the United States.


   Company Address: 811 Louisiana Street Houston 77002 TX
   Company Phone Number: 584-1000   Stock Exchange / Ticker: NYSE TRGP
   


Customers Net Income fell by TRGP's Customers Net Profit Margin fell to

-44.36 %

12.62 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Dividend

Targa Resources Corp. Unveils Dividend Announcement and Strong Quarterly Earnings Performance, Shares Remain Resilient

Published Thu, Jan 18 2024 11:44 PM UTC



Targa Resources Corp. (NYSE: TRGP) recently made an important announcement regarding its quarterly dividend on common shares for the fourth quarter of 2023. This news, released on January 18, 2024, brings about an intriguing discussion on the potential impact it may have on the company's shares.
Over the past five trading days, Targa Resources Corp's stock witn...

Targa Resources Corp

Targa Resources Corp Reveals Astonishing -27.304% Revenue Plummet while Profits Skyrocket in Q3 2023

Targa Resources Corp (NYSE: TRGP) recently announced its quarterly dividend on common shares for the third quarter of 2023. The company reported strong income growth of 15.48% to $0.97 per share, while revenue declined by -27.304% to $3.90 billion compared to the same period last year. These figures indicate a significant decrease in revenue but an increase in profitability for Targa Resources.
In the second quarter, Targa Resources saw a revenue increase of 14.481% from $3.40 billion, but a decline in income of -32.64% from $1.44 per share. In the financial third quarter of 2023, the company's net income of $279.000 million decreased by -0.11% compared to $279.300 million in the same period a year ago. However, Targa Resources emphasized its improving profit margins, with net margin rising to 7.16% and operating margin edging up to 12.96%.

Dividend

Targa Resources Corp.: Fortitude Amidst Market Turmoil

Published Thu, Oct 12 2023 9:33 PM UTC

Targa Resources Corp. Quarterly Dividend Announcement Demonstrates Steadfastness Amidst Volatile Energy Markets
Houston, Oct. 12, 2023 - Targa Resources Corp. (NYSE: TRGP) - a leading provider of midstream energy services and infrastructure in North America - has announced its quarterly dividend on common shares for the third quarter of 2023. Despite the ongoing challeng...

Targa Resources Corp

Targa Resources Corp Battles Against Severe Challenges in Q2 2023, Despite Significant EPS Improvement and Revenue Declines

The stock market can often be unpredictable, with fluctuating numbers and varying performances. However, when a company manages to demonstrate positive growth and improvement amidst challenging conditions, it is truly a reason to celebrate. Targa Resources Corp, a notable player in the market, has recently showcased some astounding achievements that are worth highlighting.
In the financial span ending June 30, 2023, Targa Resources Corp experienced a modest decline in income by -10.56%, amounting to $1.44 per share, compared to the previous year's $1.61 per share. Despite this setback, their earnings per share (EPS) exhibited a remarkable improvement of 4700% from the previous quarter, jumping from $0.03 to $1.44 per share. This significant increase is an indication of the company's resilience and ability to adapt to changing circumstances.

Targa Resources Corp

Economic Downturn Leads to a Significant Decline in Targa Resources Corp's EPS

As we delve deeper into the world of stocks, it is important for investors to exercise caution before making any drastic decisions. The recent fiscal period earnings report for Targa Resources Corp indicates a concerning drop in earnings per share of -50% to $0.03 per share. This substantial decrease is due to a revenue decline of -8.844% to $4.52 billion year on year.
While it is true that the company's net earnings have increased by a significant 229.3% from the previous fiscal period, it is crucial to ask what led to this marked increase. The report indicates that the company has emphasized its improving profit margins, where the net margin rose to 12.28% in the most recent fiscal period and operating margins edged up to 18.51%. However, it is worth noting that the company's operating earnings only improved by 182.86% to $836.7 million.
Investors need to keep in mind that these figures only tell part of the story. The stock market is a complex and ever-changing entity, and it is often difficult to predict what the future holds. Targa Resources Corp is expected to report the next financial results on August 03, 2023. Until then, investors are advised to thoroughly research the company before making any investment decisions.






 

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